A Movement from a Point Inside the Production Possibilities Frontier

question 249

Multiple Choice

A movement from a point inside the production possibilities frontier to a point on the production possibilities frontier represents

• A) a tradeoff.
• B) a free lunch.
• C) full employment of labor but not capital.
• D) unemployment of labor but not capital.
• E) an infinite opportunity cost.

---

Definitions:

Luck

The force that seems to operate for good or ill in a person's life, as in shaping circumstances, events, or opportunities.

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, leading to a high and steady response rate.

Variable Ratio

refers to a schedule of reinforcement where a response is reinforced after an unpredictable number of responses, making it a powerful maintainers of behavior in operant conditioning.

Fixed Interval

A schedule of reinforcement where a response is rewarded only after a specified amount of time has elapsed.